2. You just started your education. You are looking forward to the day that you are done and gainfully employed Today the cost of that car is $32,000. You are smart and you know you need to put money away today - so that in FIVE years, you can purchase it. You are going to put your money away in index fund that will earn 7% interest. Annual inflation is expected to be 3.2%. How much money do you need to invest today to be able to afford that car? Answer: $65,000.00 Answer: $32,000.00 Answer: $26,707.27 Answer: $10,000.50